Question
Asked Nov 23, 2019
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Pass the journal entries for the following : 

  • Jan 27 - purchased goods on credit, $4000 less trade discount 25% 
  • Feb 15 - sold household furniture for $1200 and paid the money into business cash
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Expert Answer

Step 1

Journal: It is a method of recording monetary business transactions in chronological order. It records t...

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